The German economy contracted in 2023 as price pressures impacted economic activity, according to the first calculations of the Destatis, the country's federal statistical office.
THE manufacturing producer price index (PPI) recorded an uptick at 0.3 percent in November, the Philippine Statistics Authority (PSA) reported on Friday.
The UK economy unexpectedly shrank in October, with all three sectors contracting, according to figures released on Wednesday by the Office for National Statistics.
economic activity in august, as higher interest rates hit demand. for the first time this year, uk pmi figures fell below the benchmark 50, which indicates a contraction. last month s purchasing managers index, a measure of the health of the economy, was 10.9. the figure was well below the 50.3 economists had forecast. faltering activity in the uk was mirrored in the eurozone, where the index fell to a 33 month low of a7. both figures will be looked closely by bank of england and ecb policymakers ahead of their next interest rate decisions. chris williamson from s&p global told me britain is likely to head into a downturn. the figures are consistent with the economy contracting midway through the third quarter. we ve seen a nice growth resumption in the spring after the problems of last autumn with the truss budget and so forth,